What is the difference between an account payable and a note payable?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 03:02 AM

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What is the difference between an account payable and a note payable?

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An account payable arises when a business purchases goods or services on credit Unlike an a...View the full answer

Cornerstones of Financial and Managerial Accounting

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